I negotiated and we bumped up association fees but it's not enough, growing to slow to cover the repair. 

@Joshua Penners  If the tenants have signed previous leases and had uninterrupted occupancy of the property and continue to pay rent per the terms of the previous lease and their actions are consistent with the previous lease terms (for instance you have a $50 late fee in a previous  ease and they pay that now even though technically there is no new signed lease) then just about any court will deem them to still be subject to the terms of the lease signed or not .

Or do you just have them pay the application fee prior to viewing?

Property is located in the Spring, Texas area List Price $155,000Taxes $4,279/YRRent: $1,550-$1,600We would be putting 20% downInsurance: $1,100Potential Neighborhood fee of $100. annuallyIn my calculation I figured in Property Management (5%) we plan on managing it ourselves but felt we should still build that in.  10% for Vacancy and 5% for Repairs monthly.

What does it mean when a counteroffer says this from the listing agent: "Buyer shall be credited $10k for escrow fees and other fees."

Bank asked for 20% down plus fee's.  

Take into account: Accounting, Advertising, Cleaning, Insurance, Lawn/Snow, Legal Fees, Maintenance, Cap Exp, Utilities, Taxes.  

If it is truly a deal, you'll be able to sell it to a local investor for a fee plus some education.If you're not able to sell it to an investor, you offered too much and it's not truly a deal.Good luck and let us know what happens!

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

When buying a foreclosed property from an auction are you responsible for the past HOA fees that weren’t paid ?